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CCM

Covington Capital Management Portfolio holdings

AUM $2.32B
1-Year Est. Return 12.18%
This Fund
S&P 500
This Quarter Est. Return
-13.4%
1 Year Est. Return
-12.18%
3 Year Est. Return
+32.05%
5 Year Est. Return
+64.04%
10 Year Est. Return
–
AUM
$2.46B
AUM Growth
-$327M
Cap. Flow
+$82.2M
Cap. Flow %
3.34%
Top 10 Hldgs %
24.25%
Holding
1,232
New
119
Increased
264
Reduced
303
Closed
152

Top Buys

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$43.7M
2
HALO icon
Halozyme
HALO
+$10.7M
3
CSCO icon
Cisco
CSCO
+$7.6M
4
PFE icon
Pfizer
PFE
+$4.73M
5
HD icon
Home Depot
HD
+$4.53M

Top Sells

Rank Stock Value
1
HYS icon
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
+$6.8M
2
ICE icon
Intercontinental Exchange
ICE
+$5.27M
3
SBUX icon
Starbucks
SBUX
+$5.19M
4
CVX icon
Chevron
CVX
+$3.26M
5
MSA icon
Mine Safety
MSA
+$2M

Sector Composition

Rank Sector Weight
1 Technology 20.65%
2 Healthcare 12.56%
3 Financials 9.39%
4 Consumer Discretionary 7.83%
5 Consumer Staples 6.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSCO icon
26
Cisco
CSCO
$448B
$23.7M 0.96%
556,415
+158,685
+40% +$7.6M
PEP icon
27
PepsiCo
PEP
$191B
$23.5M 0.96%
141,212
+249
+0.2% +$41.9K
XOM icon
28
ExxonMobil
XOM
$651B
$23.4M 0.95%
273,298
-19,382
-7% -$1.75M
JMST icon
29
JPMorgan Ultra-Short Municipal Income ETF
JMST
$7.12B
$22.7M 0.92%
449,017
-6,229
-1% -$315K
UNP icon
30
Union Pacific
UNP
$172B
$22.3M 0.91%
104,443
-3,633
-3% -$827K
TSM icon
31
TSMC
TSM
$2.09T
$22.1M 0.9%
269,924
+613
+0.2% +$56.7K
IAU icon
32
iShares Gold Trust
IAU
$63.8B
$21.6M 0.88%
630,249
+4,189
+0.7% +$149K
SCHW
33
Charles Schwab
SCHW
$181B
$18.9M 0.77%
298,470
+18,959
+7% +$1.31M
NKE icon
34
Nike
NKE
$62.7B
$18M 0.73%
176,199
-751
-0.4% -$88.8K
INTU icon
35
Intuit
INTU
$86.3B
$17.6M 0.72%
45,771
-974
-2% -$403K
TJX icon
36
TJX Companies
TJX
$176B
$17M 0.69%
303,989
+2,049
+0.7% +$124K
RTX icon
37
RTX Corp
RTX
$289B
$16.9M 0.69%
175,807
-2,785
-2% -$268K
INTC icon
38
Intel
INTC
$460B
$16.8M 0.68%
449,511
+41,984
+10% +$1.82M
VIG icon
39
Vanguard Dividend Appreciation ETF
VIG
$112B
$16.7M 0.68%
116,690
-491
-0.4% -$74.7K
WM icon
40
Waste Management
WM
$90.5B
$16.3M 0.66%
106,852
+3,729
+4% +$584K
BLK icon
41
Blackrock
BLK
$170B
$16.3M 0.66%
26,769
+263
+1% +$171K
VZ icon
42
Verizon
VZ
$193B
$16.3M 0.66%
321,130
+6,967
+2% +$352K
META icon
43
Meta Platforms (Facebook)
META
$1.37T
$15.6M 0.63%
96,494
+6,437
+7% +$1.24M
GLD icon
44
SPDR Gold Trust
GLD
$133B
$15M 0.61%
88,985
-1,036
-1% -$181K
TSCO icon
45
Tractor Supply
TSCO
$15.8B
$14.9M 0.61%
384,415
-5,245
-1% -$213K
PG icon
46
Procter & Gamble
PG
$335B
$14.8M 0.6%
102,849
+1,527
+2% +$230K
STZ icon
47
Constellation Brands
STZ
$22.3B
$14.6M 0.59%
62,622
-1,502
-2% -$366K
MDY icon
48
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$26.6B
$14.5M 0.59%
35,097
-655
-2% -$296K
QCOM icon
49
Qualcomm
QCOM
$159B
$14.5M 0.59%
113,203
+29,096
+35% +$3.95M
ROP icon
50
Roper Technologies
ROP
$38.5B
$14.1M 0.57%
35,679
+1,331
+4% +$579K
1
2
3 4 5

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Covington Capital Management's Q2 2022 Portfolio in Review

As of Q2 2022, Covington Capital Management held 1,232 positions worth $2.46B, down 12% from $2.79B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Covington Capital Management deployed $82.2M of net new capital in Q2 2022, opening 119 new positions and adding to 264 existing holdings. Its largest new stake was Halozyme: 247,500 shares worth $10.9M.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund, an estimated $6.8M trimmed.

  • Covington Capital Management's largest Q2 2022 buy was Halozyme: 247,500 shares worth $10.9M.
  • Covington Capital Management added most to Microsoft in Q2 2022, an estimated $43.7M increase.
  • Covington Capital Management's biggest Q2 2022 reduction was PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund, cutting an estimated $6.8M.
  • Covington Capital Management fully exited MGM Growth Properties LLC Class A common shares representing limited liability company interests in Q2 2022, selling an estimated $1.82M.
  • Covington Capital Management's ten largest holdings make up 24% of its $2.46B portfolio in Q2 2022.
  • Covington Capital Management opened 119 new positions and closed 152 in Q2 2022.
  • Covington Capital Management's portfolio value fell 12% quarter-over-quarter to $2.46B.

Based on Covington Capital Management's 13F filing for Q2 2022, filed 8 Jul 2022.